Nexant Complete Report template...A Global Analysis Brochure June 2015 NexantThinkingTM PolyOlefins Planning Service Special Reports Polypropylene Impact Copolymers - A Global Analysis

NexantThinkingTM

PolyOlefins Planning Service Special Reports

Polypropylene Impact Copolymers - A Global Analysis

Brochure June 2015

NexantThinkingTM

PolyOlefins Planning Service Special Reports

Polypropylene Impact Copolymers - A Global Analysis

Brochure June 2015

A77801.001.01 Special Reports

www.nexantthinking.com


POPS Special Reports Brochure Polypropylene Impact Copolymers: A Global Analysis

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A50801.010.01

Contents

Section Page

1 Introduction ............................................................................................................................. 1

2 Report Scope ......................................................................................................................... 4

3 Proposed Report Table of Contents ....................................................................................... 8

4 Methodology ........................................................................................................................... 11

5 Nexant’s Experience .............................................................................................................. 13

5.1 BACKGROUND ......................................................................................................... 13

5.2 DESCRIPTION OF SERVICES ................................................................................ 13

5.3 ASSIGNMENTS UNDERTAKEN WHICH COVER POLYPROPYLENE

COPOLYMERS ......................................................................................................... 15

6 Contact Details and Subscription Information ........................................................................ 18

6.1 CONTACT DETAILS ................................................................................................. 18

6.2 TERMS AND CONDITIONS ..................................................................................... 19



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Section 1 Introduction

Polypropylene is an exceedingly versatile polymer, made from a widely available, low cost feedstock -

propylene – through a relatively straightforward and inexpensive process. Polypropylene itself has good

mechanical properties, chemical resistance, accepts fillers and selected other additives very well, and is

easy to fabricate by a variety of methods. A key attribute is its flexural strength; it can be flexed (bent)

without breaking. It is strong and has the lowest density of the commodity thermoplastics. Due to its

broad cost-performance profile, polypropylene has replaced other plastics as well as traditional materials.

The major use of polypropylene is in the injection molding sector which includes automotive, packaging,

electrical/electronic and appliance applications. In all these sectors, the development trend is moving

towards high performance and lighter materials so as to lower carbon dioxide emissions, fuel

consumption (automotive) and reduce overall manufacturing costs; frequently making polypropylene the

material of choice. The packaging sector is the largest consumer of polypropylene, with the resin being

used in films and rigid packaging applications such as crates, pallets, closures/caps. The high

temperature resistance for polypropylene makes it suitable for disposable food packaging applications. In

the electrical and appliances sector, polypropylene offers advantages such as integral mechanical

performance, good chemical resistance, and good processability compared to other competing resins.

Modified polypropylene resins can be substituted for ABS, HIPS for selected electronic and electrical

appliance parts. However, the electrical/electronic and appliances sector is growing slowly, with the

demand coming mainly from penetration into developing regions. Fiber is also an important application of

polypropylene, and is used mainly in carpets and non-woven products where polypropylene provides

water resistance and shrinkage resistance.

In addition to the above noted attributes, it is also quite easy to incorporate small amounts of other

comonomers, such as ethylene, to yield polypropylene copolymers with different and commercially

desirable properties. Polypropylene copolymers can be split into two types- impact (or block) copolymers

and random copolymers. Ethylene is typically the copolymer used, although co- and ter-polymers with

butene-1 are produced commercially. Impact copolymers are polymer chains with regular “blocks” of

ethylene and propylene; ethylene content is typically in the range of 8 to10 percent (by weight). At

relatively high levels of ethylene (over 20 to 25 percent ethylene), the product exhibits elastomeric

properties and is referred to as a thermoplastic olefin (TPO) or thermoplastic elastomer (TPE). Random

copolymers are so called because the ethylene comonomer is randomly distributed throughout the

polymer chain. For random copolymers, the ethylene content is typically 3 to 5 percent with some grades

up to 7 percent. Of these two broad categories of polypropylene copolymers, the impact copolymer

polypropylenes find more commercial utility than random copolymers as the combination of flexural

modulus (resistance to deformation) and Izod impact improves the performance profile of the resulting

copolymer, such that these materials find utility in many cost-sensitive applications, especially durable

goods.




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Figure 1.1 Properties of Various Polypropylenes

Demand for both types of copolymers is growing slightly more rapidly than homopolymer polypropylene.

Random copolymers are growing in niche markets while impact copolymers are growing in large volume,

high strength durable end-uses. Homopolymer polypropylene is principally consumed in the packaging

sector in film grades.

Interestingly, the consumption of impact copolymer polypropylene, as a percent of total polypropylene

consumption, varies widely around the world. Japan consumes the largest proportion of copolymer

polypropylene – just less than 50 percent of its polypropylene demand is for impact copolymers. In the

United States, impact copolymer polypropylene accounts for about 30 percent of demand. In other, less

developed regions, demand for impact copolymer is less than 20 percent of the polypropylene market.

Globally, around 30 percent of the polypropylene market is supplied by copolymers, of which about 25

percent is for impact copolymers, and about 5-6 percent is for random copolymers.

The purpose of this study is to characterize the global impact copolymer polypropylene business and

provide context regarding the homopolymer and random copolymer segments. This will be accomplished

by extensive market research conducted by Nexant experts in our network of regional offices. The study

is designed to answer a number of critical questions regarding the impact copolymer market:

What is the demand for impact copolymers globally, regionally, as well as in key consuming

countries?

Can strong growth in impact copolymer demand be sustained? What growth rate is forecast, and

how does that compare to homopolymer and random polypropylene?

What are the market drivers behind the ongoing growth of impact copolymer

polypropylene?

0

1

2

3

4

5

6

8

7F

lexu

ral M

odul

us

0 1 2 3 4 5 6 7 8 9 10 11

Izod Impact

Homopolymer Impact Copolymer

Rubber

Modified

Polypropylene

High Impact Filled

Polypropylene

Aesthetic Filled

Polypropylene

General Purpose Filled

Polypropylene

Reinforced Polypropylene

Sheet

High Performance

Reinforced Polypropylene




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What are the key end-market segments for impact copolymer polypropylenes?

Will emerging applications for impact copolymer polypropylenes be sufficient to drive

growth?

What are the costs to produce impact, random and homopolymer polypropylene? What are the

key cost drivers for these materials?

The study will be of benefit to existing participants in the polypropylene industry, as well as to firms

considering market entry or firms presently making homopolymer/random copolymers that might be

thinking about expanding their product portfolio to include impact copolymers. Nexant is planning on

initiating this study in Quarter 3 2015, with completion targeted for Quarter 4 2015.


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Section 2 Report Scope

The objective of this report is to provide a detailed market analysis of the global impact polypropylene

copolymer business (i.e. block polypropylenes). A limited amount of information will also be provided on

polypropylene homopolymers and random copolymers to provide context within the broader

polypropylene industry. Finally, leader economics will be provided for homopolymer, random and impact

copolymer polypropylenes on a USGC basis.

The report will provide historical and forecast impact copolymer polypropylene demand by key end-use

segment; as impact polypropylenes are commonly used in the production of durable goods such as car

parts, appliance parts, and consumer goods like toys and housewares. In addition, high level information

on homopolymer polypropylene and random polypropylene will also be included to provide context for

impact copolymer polypropylene within the overall polypropylene business.

This analysis will provide historic data from 2005, with a forecast to 2030. The report will be segmented

into three principle areas:

Demand

Supply

Supply, Demand and Trade

Demand

This section will assess historic and forecast consumption; forecasts are based on projections of end use

and economic activity in each region. The demand tables included in this report are illustrated in

Table 2.1.

The geographic segmentation is as follows:

North America: Segmented into Canada, Mexico and the United States

South America: Segmented into Argentina, Brazil, “Central America/Caribbean” and “Other South America”

Western Europe (as a single region)

Central Europe (as a single region)

Eastern Europe (as a single region)

Africa (as a single region)

Middle East: Segmented into Turkey, Saudi Arabia, and “Other Middle East”

Asia: Segmented into Japan, China, South Korea, Taiwan, Thailand, Indonesia, Singapore, Vietnam, Malaysia, India, and “Other Asia”

The above regions will also be presented in global summary tables.

Supply

Global capacity tables for all polypropylenes will be provided, and will include their production capacity,

location, discussion of the status of new projects and plants which are impact copolymer capable will be

identified.




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Capacity tables will be provided for the period 2005-2018.

Supply, Demand and Trade

The supply, demand and trade balance will be provided for the impact copolymer polypropylenes for each

region and country specific. This analysis will provides historical analysis and forecasts to 2030 of

consumption, production, imports/exports, inventory build-up/decline, capacity and capacity utilization.

The supply, demand and trade tables are illustrated in Table 2.2. Discussion will be provided on the

historic and forecast trade patterns for impact copolymer polypropylenes.

Leader Economics for Random, Impact Copolymer and Homopolymer Polypropylenes

A section on leader economics (Leader is defined as a plant in the top quartile (lowest cost) in terms of

conversion cost) will be provided for homopolymer, random and impact copolymer polypropylenes on a

U.S. Gulf Coast and Western Europe basis, so as to provide an indication of relative cash costs of

production for these materials.




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Tab

le 2

.1

Imp

act

Co

po

lym

er P

oly

pro

pyl

ene

Dem

and

An

alys

is

(Tho

usan

d to

ns p

er y

ear)

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2025

2030

2005

-201

520

15-2

020

2020

-203

0

Un

ited

Sta

tes

IM

- T

rans

porta

tion

IM

- C

onsu

mer

IM

- O

ther

A

ll O

ther

T

otal

Impa

ct P

P

H

omop

olym

er P

P

R

ando

m P

P

T

ota

l PP

%

Im

pac

t o

f To

tal P

P

Ave

rag

e A

nn

ual

Gro

wth

Rat

e, %




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Tab

le 2

.2

Imp

act

Co

po

lym

er P

oly

pro

pyl

ene

Su

pp

ly/D

eman

d/T

rad

e A

nal

ysis

(Tho

usan

d to

ns p

er y

ear)

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2025

2030

2005

-201

520

15-2

020

2020

-203

0

Un

ited

Sta

tes

Firm

Cap

acity

In

itial

N

et A

dditio

ns

T

ota

l

Net

Spe

cula

tive

Add

itions

Tot

al C

apac

ity

Pro

du

ctio

n

Net

Tra

de

Co

nsu

mp

tio

n

Ope

ratin

g R

ate

Ave

rag

e A

nn

ual

Gro

wth

Rat

e, %



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Section 3 Proposed Report Table of Contents

Section

1. Executive Summary

1.1 Global Summary

1.1.1 Demand

1.1.2 Supply

1.1.3 Supply/Demand Balance

1.2 Summary and Conclusions

2. Introduction

2.1 Background

2.2 Macroeconomic Assumptions

3. North America

3.1 Regional Summary

3.1.1 Demand

3.1.2 Supply


3.2 Canada

3.2.1 Demand

3.2.2 Supply


3.3 Mexico

3.3.1 Demand

3.3.2 Supply


3.4 United States

3.4.1 Demand

3.4.2 Supply


4. South America


4.1.1 Demand

4.1.2 Supply


4.2 Argentina

4.2.1 Demand

4.2.2 Supply


4.3 Brazil

4.3.1 Demand

4.3.2 Supply


4.4 Central America and Caribbean

4.4.1 Demand

4.4.2 Supply





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4.5 Other South America

4.5.1 Demand

4.5.2 Supply


5. Europe


5.1.1 Demand

5.1.2 Supply


5.2 Western Europe

5.2.1 Demand

5.2.2 Supply


5.3 Central Europe

5.3.1 Demand

5.3.2 Supply


5.4 Eastern Europe

5.4.1 Demand

5.4.2 Supply


6. Middle East


6.1.1 Demand

6.1.2 Supply


6.2 Turkey

6.2.1 Demand

6.2.2 Supply


6.3 Saudi Arabia

6.3.1 Demand

6.3.2 Supply


6.4 Other Middle East

6.4.1 Demand

6.4.2 Supply


7. Africa


7.1.1 Demand

7.1.2 Supply


8. Asia


8.1.1 Demand

8.1.2 Supply


8.2 China

8.2.1 Demand




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8.2.2 Supply


8.3 India

8.3.1 Demand

8.3.2 Supply


8.4 Indonesia

8.4.1 Demand

8.4.2 Supply


8.5 Japan

8.5.1 Demand

8.5.2 Supply


8.6 Malaysia

8.6.1 Demand

8.6.2 Supply


8.7 Singapore

8.7.1 Demand

8.7.2 Supply


8.8 South Korea

8.8.1 Demand

8.8.2 Supply


8.9 Taiwan

8.9.1 Demand

8.9.2 Supply


8.10 Thailand

8.10.1 Demand

8.10.2 Supply


8.11 Vietnam

8.11.1 Demand

8.11.2 Supply


8.12 All Other Asia

8.12.1 Demand

8.12.2 Supply


9. Leader Economics for Random, Impact Copolymer and Homopolymer Polypropylenes

9.1 Introduction and Methodology

9.2 Leader Economics (USGC Basis)

9.3 Leader Economics (Western Europe)



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Section 4 Methodology

Nexant is proposing to develop the global analysis as discussed in the scope through an intensive, global

market research effort, utilizing Nexant’s regional experts based in our numerous offices around the

world. The information will be collected based on primary market research mainly through telephone

interviews, although face-to-face contacts will also be performed with key participants. This primary

research will be augmented with information already in our databases as well as through trade

information and secondary sources (i.e. conference proceedings) as available.

Information on the broader polypropylene market will be taken from Nexant’s PolyOlefin Planning Service

(POPS). This ongoing program has profiled polypropylene markets and technology for over a decade.

The broader polypropylene market analysis contained in POPS relies on projections for polypropylene

supply/demand/trade developed using Nexant’s proprietary NexantThinkingTM

Petrochemical Simulator.

The Petrochemical Simulator is the proprietary simulation model used to generate the analysis and

forecasts as contained in many of our ongoing programs. The simulation model is an experience-based

database running commodity petrochemical business logic algorithms to produce multi-scenario

simulations of the global industry. The integrated Petrochemical Simulator simultaneously develops

forecasts of regional consumption, production, imports, exports and inventory changes for all commodity

petrochemicals in all countries/regions as shown in Figure 4.1.

The Petrochemical Simulator delivers step change improvements in market forecasting and

business/corporate planning, while reducing the resources and time required to evaluate multiple

hypotheses and scenarios.

Figure 4.1 NexantThinking’s Simulator Simplified Logic Diagram

Industry

Research

Market

Analysis

Economic

Analysis

CAPACITY

CONSUMPTION

SUPPLY

DEMAND MODELOPERATING

RATES

PROFITABILITY

CORRELATIONS

PLANT MARGINS

COST MODELSPRODUCT

PRICES

PRICE

COMPETITION

Section 4 Methodology



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The Petrochemical Simulator is integrated from end-use markets back to petrochemical feedstocks (i.e.

propylene in this case). It considers inter-material competition, inter-regional price relationships, chain

margins, product substitution, logistic costs and trade drivers. Costs and prices are integrated from crude

oil, natural gas and petrochemical feedstocks through to downstream products such as polypropylene

resin made from them.



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Section 5 Nexant’s Experience

5.1 BACKGROUND

Nexant was established on January 1, 2000 and prior to that date, the staff of Nexant operated as a

separate consulting group within a major engineering company. Nexant is now an independent company

owned by a number of investors. Nexant acquired ChemSystems, Inc. on

September 1, 2001, and the combined entity (“Nexant”) now has access to even more enriched and

extensive experience and resources, offering services that include:

Master planning/feasibility studies

Technology evaluation

Techno-economic and commercial analyses

Financial evaluation (cashflow modeling, etc.)

Benchmarking

Monitoring project implementation

Nexant is very well qualified to undertake the technical, commercial, economic and financial evaluations,

from its own offices, without the need to subcontract. Owing to its extensive experience, and known for

its “out-of-the-box” thinking, Nexant has also received the honorable award of “Best Large Consultancy”

by the British Consultants and Construction Bureau. This award was contended by a number of

companies. However, Nexant was judged the winner for its outstanding contribution in developing a real-

time, on-line chemical industry simulator.

5.2 DESCRIPTION OF SERVICES

Nexant is a specialist consulting firm, not a generalist company. Our area of expertise is the energy and

process industries, including oil refining, natural gas, petrochemicals, polymers, chemicals,

pharmaceuticals and fertilizers. Our business has been built upon providing broad management

consultancy services to leading companies active in these industries, and also to banks, suppliers,

governments and others interested in these sectors.

Nexant’s strengths lie in its combination of technoeconomic, commercial and strategic capabilities. These

"competencies" are described below:




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5.2.1 Technology/Economics

From its foundation in chemical engineering and industrial chemistry, Nexant offers distinctive expertise in

process technology and economic analysis. Assignments may be performed on a separate, stand-alone

basis or as input to broader consulting engagements.

Services include:

Economic and financial analyses of projects or businesses

Valuation of assets or businesses

Technical audit of existing facilities

Project feasibility/planning

Technology innovation and assessment

Comparative/competitive technology audit and appraisal

Process design and cost estimation

Technology availability, screening, licensing arrangements

Contractor pre-qualification, evaluation and selection

Project management, including resident advisory services

Price, margin and profitability forecasting

This discipline is supported by comprehensive economics, cost and price databases.

5.2.2 Commercial

Based upon a technical and commercial understanding of the industries we serve, Nexant supports

clients through a variety of market and commercial activities. As with our technoeconomic work, these

commercial assignments may be performed on a stand-alone basis but are more normally an input to

broader consulting engagements.

Services include:

Feedstock and product market analysis

Marketing and market research

Supply/demand analysis and forecasting

Studies of trends and future markets

"Benchmarking" of costs and competitiveness

Medium- and long-range planning

The commercial discipline is supported by databases of global supply, demand and capacity

developments in all major petrochemicals.

5.2.2.1 Strategic Planning

Industry specific expertise and an understanding of world market forces distinguish Nexant's work in

Strategic Planning. Various innovative tools and methodologies tailored to the energy and process areas

are used to challenge conventional thinking. Nexant extends its traditional project team approach to

engaging clients directly in the Strategic Planning process. Interactive client consultant relationships

promote consensus, a critical factor for successfully developing pragmatic, implementable solutions.




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Services include:

Definition of corporate and business visions

Portfolio planning

Entry strategy evaluation

Diversification, acquisition, divestment studies

Competitive analysis and business positioning

Global competitiveness

Trade flow and impact studies

Strategic options, selection and implementation

5.3 ASSIGNMENTS UNDERTAKEN WHICH COVER POLYPROPYLENE COPOLYMERS

5.3.1 Multiclient Work

During the past few years, Nexant has completed many studies dealing with polypropylene of all forms –

homopolymer, random and impact materials. Selected studies which included detailed coverage of

impact polypropylene include:

Polyolefin Planning Service (POPS) – NexantThinking’s annual subscription program that

provides reports on the global polyethylene and polypropylene industry, including impact

copolymers. It is recognized globally as the benchmark source for detailed information and

analysis on current commercial, technical and economic developments in the polyolefins industry.

Coverage includes: capacity listing and analysis, detailed consumption, supply/demand, trade,

operating rates, technological developments, new products, inter-material substitution and

regional competitiveness

Polypropylene – The process technology and production economics for polypropylene

(homopolymer and impact copolymer) are presented. This report is part of Nexant’s Process

Evaluation/Research Planning (PERP) Program, a technology oriented program that analyzes the

technological and commercial trends, and developments in areas of interest to the chemical and

allied industries. PERP reports cover regional supply and demand balances, process

economics, process design, markets and product applications, and regulatory issues

Nexant’s has also completed a number of definitive studies on impact polypropylenes. These studies

have analyzed the markets, business structure and economics for impact polypropylene. A sampling of

these studies is provided below:

5.3.2 Single Client Studies

Polyolefins Market Study. Nexant contributed a market analysis to a Conceptual Engineering

Study for a new olefins and polyolefins complex in Bolivia. Nexant assessed supply, demand and

pricing trends for polypropylene (including impact copolymers), LDPE, LLDPE, and HDPE

markets in most South American markets, as well as the main markets in Europe, the United

States, and Asia

Market Analysis – Confidential. The objectives of this analysis were: to prepare independent

market outlooks for a selected number of products of interest to the client; to assess the

competitiveness of their LDPE, HDPE and polypropylene units in relation to selected competitors

and benchmarks; and to develop West European price forecasts for a selected products.




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Products covered included: polypropylene, HDPE, LDPE, LLDPE, PVC, PET, polypropylene

copolymers (impact/block, and random) and polypropylene compounds

U.S. Polypropylene Impact Copolymer Market - Nexant supported the planning efforts of a

company competing in polypropylene impact copolymers by providing a detailed market analysis

including end-use market segmentation and pricing: batteries; automotive; housewares; outside

furniture; medical packaging and toys etc. Nexant developed extended forecasts by application

and identified the major segment suppliers. Fabricators, competitive products, materials

substitution and market forces were also discussed

Global Impact PP Market Analysis – For a major multiregional impact PP producer, Nexant

prepared an analysis of the global impact polypropylene market. This analysis was based on an

extensive market research effort augmented by pre-existing database information. Impact PP

pricing and pricing trends were also studied and forecasts prepared

Polypropylene Market Study – Confidential. The Brazilian subsidiary of an international

chemical producer considering the construction of a polypropylene plant in Brazil required

detailed information on the Brazilian/Mercosul polypropylene market as a preliminary to securing

financing and maximizing production and profitability. Nexant supplied a country overview

(economic growth, demographics, trade, consumption), market analysis by application for the

homopolymer, random and impact copolymer (process exports, intermaterial/interpolymer

competition, resin selection criteria, emerging applications, compounding), market structure

(customer analysis and regional distribution), outlook covering capacity, supply, demand, trade

and operating rates, opportunity analysis and strategy recommendations

Polypropylene Acquisition Study – Nexant provided an industry overview and business

position analysis of the polypropylene industry covering supply/demand, producer analysis and

profiles, copolymer analysis by producer, and cost of production

Polypropylene Technology and Product Analysis - In order to assist the client with its

licensing program, Nexant was asked to prepare an impartial report comparing various

polypropylene processes and product types (including impact PPs). The comparison was done

for two aspects: technology costs (capital and operating), product capability and acceptability.

The results of the study were supported by extensive field contacts with licensees, producers,

licensors, and end-use customers and fabricators in the United States, Western Europe and

Korea. Applications covered included: copolymer application, random copolymers, automotive

bumper covers, impact copolymer/low blush characteristics, heat seal resins, high rubber fraction

copolymer for rubber replacement, and fiber application

Polypropylene Market and Technology Overview – Nexant was retained to provide an

overview of economics, producers, licensing, and markets for polypropylene and thermoplastic

elastomers. The study included impact copolymer producers and technology, capital cost,

licensing experience/restrictions, and producer product capability

Polypropylene Business Assessment – For a major refining and marketing company in the

United States, Nexant provided economics for polypropylene production using three scenarios: a

base case, recession case and slow growth case. The study included pricing, cash margins,

return on investment, existing versus new leader plants, operating costs, and cost of production

for polypropylene, including random copolymer grade (bulk loop technology), low/medium impact

grade (bulk loop technology), and high impact grade (bulk loop technology)

Polypropylene Copolymer Analysis – Nexant was retained to analyze the impact copolymer

business and provide an overview of polypropylene producers as to expansion plans and

copolymer strategy. This analysis included economics, supply/demand and pricing for impact




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copolymer and random copolymer polypropylene, automotive plant list/capacity, Japanese

automotive industry changes, supplier profile/capacity and export volumes. Costs of production

estimates comparison were also presented for random polypropylene via several process

technologies, and for high impact polypropylene via Unipol process technology

Polypropylene Copolymers - For a European producer, Nexant assessed competitor activity in

special copolymers for use as heat sealing layers in biaxially oriented polypropylene and high

impact polypropylene copolymers

Western European Polypropylene Pricing Study – For an Italian chemical producer, Nexant

developed a price comparison analysis for polypropylene, including random copolymer film,

medium impact copolymer molding, high impact copolymer molding, and impact copolymer

extrusion

United States Polypropylene Market - For a Japanese chemical producer, Nexant was retained

to assess the potential market expansion for block and random polypropylene copolymers

especially for automotive and houseware usage of polypropylene

Polypropylene Technology and Manufacturer Analysis – For a major chemical producer,

Nexant prepared a technoeconomic analysis of the polypropylene producers in the United States

and an economic evaluation of the different technologies employed for polypropylene

manufacture, including polypropylene copolymers

Polypropylene Strategy Review – Nexant was retained to assess the strategy and economics

of a joint venture to produce polypropylene including impact polypropylene copolymers



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Section 6 Contact Details and Subscription Information

6.1 CONTACT DETAILS

For more information and to place an order, contact as follows

Americas

Nexant, Inc.

44 South Broadway, 4th Floor

White Plains, NY 10601-4425, U.S.A.

Attn: Heidi Junker Coleman

Global Multi-Client Programs Support Manager

Tel: + 1-914-609-0381

Email: [email protected]

Europe, Middle East and Africa

Nexant Ltd

1 King’s Arms Yard

London EC2R 7AF, UK

Attn: Anna Ibbotson

Director

Tel: +44 207 950 1528


Asia

Nexant Asia Ltd

22nd Floor, Rasa Tower I

555 Phahonyothin Road

Kwaeng Chatuchak, Khet Chatuchak

Bangkok 10900, Thailand

Attn: Tiankanok Sirichayaporn

Regional Manager

Tel: +662 793 4600


Section 6 Contact Details and Subscription Information



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6.2 TERMS AND CONDITIONS

1. The undersigned (hereafter "Client") hereby subscribes to purchase from Nexant, Inc. (“Nexant”), Nexant’s Report, Polypropylene Impact Copolymers - A Global Analysis (The “Subscribed Report”), in accordance with the following terms and conditions.

Nexant will provide to Client the following information and services:

(a) Access to electronic downloads of the report via a password-protected area from the web site, www.nexantthinking.com. Nexant will provide users of the service with a user name and password. Subscriber will inform Nexant if any of its employees who are registered users leave Subscriber’s employment.

2. The information disclosed in the Subscribed Report and the terms of this Agreement will be retained by Client for the sole and confidential use of Client and its 51 percent or greater owned affiliates except those parents or affiliates which are engaged in the business of marketing research, management consulting, or publishing or are subsidiaries of such firms (Permitted Subscribers). However, the Permitted Subscribers may use said information in their own research and commercial activities, including loaning the data on a confidential basis to third parties for temporary and specific use for the sole benefit of Subscriber. It is the responsibility of Client to notify Nexant of 51 percent or greater owned affiliates requiring access to the Subscribed Report. Breach of this covenant of use shall entitle Nexant to terminate this Agreement immediately with no obligation to return any portion of the Subscription Fee.

3. Client further agrees that it will use reasonable efforts to keep the Subscribed Report for its sole use; however, this restriction shall not apply to information which is or becomes generally available to the public in a printed publication, which is already in the possession of Client, or which is received by Client in good faith from a third party without an obligation of confidentiality.

4. Client shall not republish all or any portion of the Subscribed Report. Client further agrees to refrain from any dissemination of the Subscribed Report, either directly or through its subsidiaries and affiliates, so as to constitute passage of title into the public domain or otherwise jeopardize common law or statutory copyright in said Subscribed Report.

5. The Subscribed Report is delivered, inter alia, via the Internet. The Agreement does not include provision of hardware or software to allow Client employees to view the Internet sites, download data, etc. The software requirements include an Internet browser. Some changes to the configuration of the user’s browser, and windows control panel, may be required for optimal use of

the products. The web site that houses the products uses software including Flash Plug-in version 4.0 or higher and may pass applets to the user. Client firewall restrictions may inhibit access to Subscribed Report or the performance of the products. Nexant is not responsible for restrictions to use of the Subscribed Report imposed by Client firewall(s).

6. Workshop. There are no warranties of any kind for the Subscribed Report provided under this Agreement and there shall be no liability for consequential or indirect damages. Nexant’s entire liability under this Agreement is limited to the total amount paid to Nexant for the services.

7. Nexant does not accept responsibility for the accuracy of the information in the Subscribed Report. Client is responsible for use of the information contained in the Subscribed Report and Nexant will not be responsible for any reliance Client places on the contents thereof.

8. A person who is not a party to this Agreement shall have no right to enforce any of its terms.

9. By signing the Authorization, Nexant and Client agree that the Proposed Table of Contents, Authorization and Terms and Conditions represent the complete agreement between them regarding the Subscribed Report. No change, modification, extension, termination or waiver of this Agreement, or any of the provision herein, shall be valid unless made in writing and signed by duly authorized representatives of the parties.

10. This Agreement and the relationship between the parties shall be governed by and interpreted in accordance with the laws of the state of New York, United States of America.

11. Upon authorization, Client shall be invoiced the full Subscription Amount upon signature of this Agreement. Amounts are due upon receipt of invoice and payable within thirty (30) days. If payment is not made within 30 days from the date of invoice, Client will be subject to late payment charges. Such charges will be calculated at a monthly rate of 1.5 percent of the invoice amount, compounded for each period or part period of 30 days that the invoice remains unpaid. Fees quoted do not include any applicable sales tax, or use or value added tax, all of which are for the account of Client.


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Documents

Nexant Complete Report template...A Global Analysis Brochure June 2015 NexantThinkingTM PolyOlefins Planning Service Special Reports Polypropylene Impact Copolymers - A Global Analysis